Poor health habits cited as one of most significant cost drivers
MINNEAPOLIS–(BUSINESS WIRE)–In a new survey of 178 companies in Minnesota and western Wisconsin, employers identify affordable health care as the greatest obstacle to business expansion. Other barriers to growth were government regulations, weak investment markets and taxes. The survey was conducted by CJ Olson Market Research, an independent research firm, on behalf of HealthPartners.
“Health improvement presents an opportunity for significant cost savings because unhealthy lifestyle choices raise health care costs by at least 25 percent and perhaps as much as 50 percent”
Nearly three out of four businesses surveyed said poor health habits of employees and their families are a significant health care cost driver. Other key findings include:
* 60 percent of employers say they have increased or will increase employees’ share of costs
* One in four employers offers or plans to offer only a high-deductible plan
* While more than 60 percent of employers reported health care cost increases of ten percent or more between 2007 and 2009, nearly one in five employers reported cost increases of less than five percent compared to the national average of nearly 11 percent.
* Among companies with lower cost increases, common practices include programs to support health improvement, emotional health and health assessments.
“Health improvement presents an opportunity for significant cost savings because unhealthy lifestyle choices raise health care costs by at least 25 percent and perhaps as much as 50 percent,” said Andrea Walsh, HealthPartners executive vice-president and chief marketing officer. “Being tobacco free, exercising, eating a healthy diet and maintaining a healthy weight are the key to more affordable health care long term,” she added.
Unlike most national health care surveys, which include mostly large national companies, the Minnesota/western Wisconsin health care survey includes a range of companies from those with 50 or fewer employees to companies with 1,000 or more employees. An executive summary of the Minnesota/western Wisconsin health care survey can be found at http://www.healthpartners.com.
HealthPartners
Founded in 1957, the HealthPartners (http://www.healthpartners.com) family of health care companies serves 1.25 million members and provide care to over 500,000 patients in our HealthPartners care delivery system which includes 70 clinics and 3 hospitals. For the fifth year in a row, HealthPartners is rated one of the best commercial health plans in the nation by U.S. News & World Report, NCQA’s “America’s Best Health Plans 2009.”
Contacts
HealthPartners
Patricia Lund, 952-883-5308
Cell: 612-618-1273
patricia.a.lund@healthpartners.com
